Q3 2024 EPS Estimates for Barrick Gold Co. Raised by Raymond James (TSE:ABX)

Barrick Gold Co. (TSE:ABX - Free Report) NYSE: ABX - Stock analysts at Raymond James raised their Q3 2024 earnings per share (EPS) estimates for Barrick Gold in a report issued on Wednesday, May 1st. Raymond James analyst B. Macarthur now anticipates that the basic materials company will post earnings of $0.47 per share for the quarter, up from their prior forecast of $0.45. The consensus estimate for Barrick Gold's current full-year earnings is $1.20 per share. Raymond James also issued estimates for Barrick Gold's Q4 2024 earnings at $0.48 EPS, FY2024 earnings at $1.64 EPS and FY2025 earnings at $1.84 EPS.

Barrick Gold (TSE:ABX - Get Free Report) NYSE: ABX last announced its earnings results on Wednesday, February 14th. The basic materials company reported C$0.37 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of C$0.28 by C$0.09. Barrick Gold had a return on equity of 6.17% and a net margin of 11.16%. The firm had revenue of C$4.16 billion during the quarter, compared to analysts' expectations of C$4.28 billion.

Several other analysts also recently issued reports on the stock. Veritas Investment Research upped their price objective on shares of Barrick Gold from C$20.70 to C$25.00 in a report on Friday, April 12th. TD Securities reaffirmed a "buy" rating and set a C$34.00 price objective on shares of Barrick Gold in a report on Wednesday. National Bankshares decreased their price objective on shares of Barrick Gold from C$30.00 to C$28.00 and set a "sector perform" rating for the company in a report on Friday, April 19th. Eight Capital upped their price objective on shares of Barrick Gold from C$32.00 to C$36.00 and gave the stock a "buy" rating in a report on Monday, April 22nd. Finally, National Bank Financial reaffirmed a "sector perform overweight" rating on shares of Barrick Gold in a report on Monday, April 8th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of C$29.73.

Barrick Gold Stock Performance

Shares of TSE ABX traded down C$0.14 during trading hours on Friday, hitting C$22.52. 2,826,038 shares of the stock were exchanged, compared to its average volume of 3,479,123. The company has a debt-to-equity ratio of 16.32, a current ratio of 3.16 and a quick ratio of 2.62. The company's 50 day moving average is C$22.19 and its 200 day moving average is C$22.16. The firm has a market capitalization of C$39.64 billion, a P/E ratio of 22.75, a P/E/G ratio of 1.94 and a beta of 0.46. Barrick Gold has a one year low of C$18.65 and a one year high of C$28.19.

Barrick Gold Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Friday, May 31st will be issued a $0.135 dividend. The ex-dividend date of this dividend is Friday, May 31st. This is an increase from Barrick Gold's previous quarterly dividend of $0.10. This represents a $0.54 dividend on an annualized basis and a yield of 2.40%. Barrick Gold's dividend payout ratio is 54.55%.

Barrick Gold Company Profile

Barrick Gold Corporation engages in the exploration, mine development, production, and sale of gold and copper properties in Canada and internationally. The company also explores and sells silver and energy materials. It has ownership interests in producing gold mines located in Argentina, Canada, Côte d'Ivoire, the Democratic Republic of Congo, the Dominican Republic, Mali, Tanzania, and the United States.